Landin Smith-Westridge Glen-April 2021

APRIL

2 021

1745 Shea Center Drive, Suite 100 Highlands Ranch, CO 80129 Each Office is Independently Owned and Operated.

LANDIN SMITH

ABR, e-Pro, SFR, GMA, REALTOR® Westridge Glen Expert and Former Resident RE/MAX Professionals (303) 990.2229 LandinBSmith@remax.net www.WestridgeGlenHomes.com

WESTRIDGE GLEN Real Estate Market Report

Published by REAL Marketing (REM) | www.REALMarketing4You.com | 858.952.4280 | ©2021

JUST S O L D F O R $ 4 5 , 0 0 0 O VER A S K I N G P R I CE A F TE R J U S T 2 DA YS O N T H E M A R KE T !

PREPARED ESPECIALLY FOR

JONATHAN AND ANGELA-MARIE WILLIAMS

J UST SOLD!

3424 WHITFORD DRIVE Presented by Landin Smith

5 Beds | 4 Baths | 4,212 Sq. Ft. | Sold for $820,000 | 105.8% of Asking Price

DEMAND IS HIGH, AND I HAVE MOTIVATED BUYERS

LOOKING FOR THEIR NEXT DREAM HOME IN WESTRIDGE GLEN JONATHAN AND ANGELA-MARIE, If you’re on the fence about selling your house, now is a great time to take advantage of sky-high demand, record-low supply, and fierce buyer competition. With less competition, you could sell faster and for more money! Call me today at (303) 990.2229 to get started.

w w w. W e s t r i d g e G l e n H o m e s . c o m PRESENTED BY

LANDIN SMITH Your Westridge Glen Real Estate Specialist

LANDIN SMITH

WESTRIDGE GLEN

Real Estate Market Report

ABR, e-Pro, SFR, GMA, REALTOR® Westridge Glen Expert and Former Resident RE/MAX Professionals

JONATHAN AND ANGELA-MARIE,

If you would like your home featured in this publication and mailed to the Westridge Glen neighborhood please call me today at (303) 990.2229.

(303) 990.2229 LandinBSmith@remax.net www.WestridgeGlenHomes.com

Westridge Glen Homes Currently Listed

Connect with me on:

WHY EXPERTS BELIEVE WE ARE NOT FACING A REAL ESTATE BUBBLE

List Status

Address

Active

9396 Desert Willow Road

Angela-Marie, With such a unique market, it’s important to work with a Realtor who understands not only the current market trends, but your community as well. Let me go to work for you and help achieve your real estate

Better Regulations on Loans

Equity is Growing Quickly

Unlike the Great Recession’s collapse, home loans are no longer funded via low-doc/no-doc loans by borrowers lacking qualifications.

2020 saw an increase of 11%, and this year is on track for another 6% growth.

People can sell or refinance and banks still come out ahead.

Supply is Still Much Lower than Demand

Permanently Working From Home

Lack of supply has been a factor for over a decade and has only increased in the last year, creating massive shortages and dramatically increased prices.

COVID-19 has shown that many jobs can be performed remotely, so buyers are moving to areas that better suit their lifestyles.

Next Generation Influence

Builders Can’t Keep Up

Over 50% of young adults live with their parents. It’s only a matter of time before these individuals are looking for their first home.

Some home builders have reported a ten-month waiting time for construction, while others are using a lottery system.

goals. Call me today at (303) 990.2229 for a free consultation!

Total Baths

Estimated Finished Square Feet*

List Price

List Date

4

5

4,700

$774,995

03/11/21

Westridge Glen Homes Currently Under Contract List Status

Address

Under Contract Under Contract Under Contract

9469 Wolfe Place 9541 Desert Willow Way 2627 Bitterroot Place

With home prices increasing, interest rates remaining at record lows, and demand skyrocketing, the same question seems to be on everyone’s mind; are we in a real estate bubble? Experts and Realtors agree the answer is no.

Jonathan and

Bedrooms

When a bubble pops, nothing remains – this is opposite of the current market. Demand is fueling the increase in pricing, rather than low-qualified buyers obtaining loans.

Bedrooms

Total Baths

Estimated Finished Square Feet*

List Price

List Date

3 4 5

3 3 4

2,200 3,300 4,000

$569,900 $630,000 $659,000

03/04/21 03/12/21 03/05/21

Westridge Glen Homes Sold Since January 1st, 2021 List Status Sold Sold Sold Sold Sold Sold Sold

Address 9562 Desert Willow Way 9478 Wolfe Place 2389 Bitterroot Place 9121 Roadrunner Drive 9458 Wolfe Street 9445 Wolfe Place 9141 Ironwood Way

Bedrooms Total Baths 3 3 3 2 3 3 4 3 3 2 4 3 5 4

Estimated Finished Square Feet* 2,600 2,700 3,900 3,100 2,700 2,600 4,500

List Price $535,000 $579,900 $625,000 $550,000 $589,000 $539,900 $667,900

List Date 02/11/21 01/28/21 01/21/21 01/27/21 01/15/21 01/04/21 12/05/20

Sold Price $585,000 $585,000 $676,000 $576,000 $576,000 $571,000 $700,000

Sold Date 03/05/21 03/05/21 03/01/21 02/26/21 02/11/21 02/05/21 01/08/21

Landin Smith and RE/MAX Professionals are not in any way affiliated with Westridge Glen Home Owners Association, nor is this in any way an official advertisement or publication of Westridge Glen. ©2021 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the REColorado MLS between January 1st, 2021 and March 16th, 2021. Listings and sales may not be those of RE/MAX Professionals. The REColorado MLS does not guarantee the accuracy of this data, which may not reflect all the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship. *Estimated Square Feet Rounded to nearest 100.

Listed and/or sold by RE/MAX Professionals.

GET A FULL-SERVICE HOME BUYING EXPERIENCE WITH MY SIGNATURE LENDER, ALAN CROCKETT ALAN CROCKETT

Branch Manager NMLS ID#230119 (Phone) 303-589-7000 (Fax) 888-881-2242 FairwayIndependentmc.com/Alan-Crockett

7600 E Orchard Rd. Suite 130S Greenwood Village, CO 80111 alan.crockett@fairwaymc.com